Dover Co. (NYSE:DOV) Shares Acquired by V Square Quantitative Management LLC

V Square Quantitative Management LLC lifted its position in shares of Dover Co. (NYSE:DOV) by 5.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,844 shares of the industrial products company’s stock after buying an additional 201 shares during the quarter. V Square Quantitative Management LLC’s holdings in Dover were worth $721,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in DOV. Financial Life Planners acquired a new position in shares of Dover during the 4th quarter worth $28,000. Ashton Thomas Securities LLC acquired a new position in Dover in the 3rd quarter valued at about $33,000. R Squared Ltd acquired a new position in Dover in the 4th quarter valued at about $34,000. Kieckhefer Group LLC acquired a new position in Dover in the 4th quarter valued at about $38,000. Finally, Golden State Wealth Management LLC acquired a new position in Dover in the 4th quarter valued at about $46,000. Institutional investors and hedge funds own 84.46% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on DOV. Barclays boosted their target price on shares of Dover from $205.00 to $213.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Wolfe Research raised shares of Dover from a “peer perform” rating to an “outperform” rating and set a $227.00 target price for the company in a research note on Monday, October 28th. The Goldman Sachs Group upped their price objective on shares of Dover from $202.00 to $223.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Royal Bank of Canada upped their price objective on shares of Dover from $196.00 to $214.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st. Finally, UBS Group dropped their price objective on shares of Dover from $217.00 to $211.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $218.91.

Dover Stock Down 0.1 %

Shares of NYSE:DOV opened at $202.46 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.52 and a current ratio of 2.04. Dover Co. has a 1 year low of $159.48 and a 1 year high of $222.31. The stock has a market capitalization of $27.78 billion, a P/E ratio of 10.41, a PEG ratio of 2.03 and a beta of 1.24. The stock has a 50-day simple moving average of $195.26 and a 200-day simple moving average of $191.61.

Dover (NYSE:DOV) last issued its earnings results on Thursday, January 30th. The industrial products company reported $2.20 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.20. Dover had a return on equity of 21.03% and a net margin of 32.95%. Equities analysts forecast that Dover Co. will post 9.47 earnings per share for the current year.

Dover Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Friday, February 28th. Dover’s dividend payout ratio is presently 10.59%.

Dover Profile

Dover Corporation provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. The company's Engineered Products segment provides various equipment, component, software, solution, and services that are used in vehicle aftermarket, waste handling, industrial automation, aerospace and defense, industrial winch and hoist, and fluid dispensing end-market.